Personal Recommendation definition

Personal Recommendation means a recommendation that constitutes advice on investments and which is presented as suitable for you, or is based on a consideration of your circumstances;

Personal Recommendation means a recommendation that is advice on transfer of pension benefits into a personal pension or SIPP, and is presented as suitable for the customer to whom it is made, or is based on a consideration of the customer’s circumstances;

Personal Recommendation means a personal advice recommendation from You to Your Client, following a suitability assessment completed by You in accordance with the Rules.

Examples of Personal Recommendation in a sentence

• IFM was required to provide its customers with a Suitability Report, which is a written record that should clearly set out customer’s circumstances and the adviser’s Personal Recommendation, along with the reasons for it.

• Mr Hofstetter accepted that for a customer to sign a fact find, receive a Personal Recommendation and sign a discharge form on the same day was not acceptable as it did not afford the customer sufficient time to consider the decision to transfer.

• He was one of two customers seen on that day who signed his fact-find, received a Personal Recommendation to transfer out of his Defined Benefit Pension Scheme and signed his discharge forms to effect the transfer all on the same day.

• For at least 70 out of the 206 (34%) BSPS customers who were advised to transfer out, IFM held the first meeting with the customer, gathered the fact-find from them, made the Personal Recommendation to them to transfer out of their DBPS and obtained the customer’s signature on the BSPS discharge forms to effect the transfer, all on the same day.

• For example, Mr M received a Personal Recommendation to transfer at his first and only meeting with Mr Cobill on 11 September 2017.

More Definitions of Personal Recommendation

Personal Recommendation means a recommendation that is advice on investments and is presented as suitable for the person to whom it is made or is based on a consideration of the circumstances of that person, but does not include a recommendation that is issued exclusively through distribution channels or to the public.

Personal Recommendation means any information given to a person including a value judgment or opinion or any other express or implicit recommendation whether to a) buy, sell, subscribe for, exchange, redeem, hold or underwrite one ore more [specific] financial instruments or b) to exercise, or not to exercise, any right conferred by one or more [specific] financial instruments to buy, sell or subscribe for one or more financial instruments, or c) to carry out any other transaction relating to one or more [specific] financial instruments that is held out, either explicitly or implicitly, to the recipient as being suited to, or based on a consideration of, his personal circumstances [or is made in a bilateral communication or relationship]. Question 1.2. – Do you agree with the approach that a personal recommendation has to be held out as being suited to, or based on a consideration of, the client’s personal situation or do you consider this criterion to be unnecessary or ambiguous and would like to refer to the bilateral nature of the relationships and bilateral contacts between the firm and its clients? In the latter case which criteria would you use to differentiate between a “personal recommendation” and a “general recommendation” or a “marketing communication”?Question 1.3. – Do you think it is reasonable to restrict “investment advice” to recommendations of specific financial instruments or is it necessary to cover generic information including financial planning and asset allocation services for financial instruments?

Personal Recommendation means a recommendation given to a specific person, and “personally recommending” shall be interpreted accordingly;

Personal Recommendation means a recommendation given to an investor or potential investor, or the intermediary of an investor or potential investor, whether to:

Personal Recommendation means any communication that, taking into consideration all of the relevant circumstances, it is reasonable to understand as being:

Personal Recommendation means advice on the transfer of Defined Benefit Pension Scheme benefits into an arrangement with flexible benefits, explaining amongst other things why the firm has concluded that the recommended transaction is suitable for the customer.

Personal Recommendation means any information given to a person including a value judgement or opinion or any other express or implicit recommendation whether to a) buy, sell, subscribe for, exchange, redeem, hold or underwrite one or more specific financial in- struments or investment services b) to exercise, or not to exercise, any right conferred by one or more specific financial instruments to buy, sell or subscribe for one or more financial instruments or c) to carry out any other transaction relating to one or more specific financial instruments that is held out either explicitly or implicitly, to the recipient as being suited to, or based on a consideration of, his personal circumstances or is made in a bilateral communi- cation or relationship.